Jim Cramer says ‘exhausted’ sellers are behind the market’s strength

CNBC's Jim Cramer on Thursday said that stocks have largely stayed resilient lately because the investors remaining in the market are there to stay.CNBC's Jim Cramer said on Thursday that stocks have largely stayed resilient lately because the investors remaining in the market are there to stay.

"The sellers are exhausted. The remaining shareholders, they may just be in it for the long haul. That's why so much money's in index funds. People don't want to trade. They just want to own and own and own some more," he said.Stocks closed down on Thursday but managed to rebound from lows reached earlier in the day after St. Louis Federal President James BullardThe Dow Jones Industrial Average fell 7.51 points, or 0.

Cramer also pointed out that the market has stayed resilient even during the collapse of FTX. The cryptocurrency exchange once valued at $32 billionWhile there are several reasons the market was able to shrug off the crypto disaster, the most important one is rooted in investors' weariness, he said. "Nobody cares about crypto because we've already been in a bear market for a year.""Wall Street gets used to the weakness.

If CNBC and it's ENDLESS parade of talking heads telling us 'RECESSION, DOOM AND GLOOM, SELL AND GO ALL CASH' isn't enough we get told that when the American investor believes in AMERICAN COMPANIES we are delusional. How about this.....ALL YOU PUNDITS ARE WRONG ALL THE TIME!

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Charts suggest the market could rally through mid-December, Jim Cramer saysStocks gained on Tuesday after the October producer price index report signaled that inflation could be cooling. MadMoneyOnCNBC jimcramer I just do the opposite of what jimcramer says MadMoneyOnCNBC jimcramer If it does then watch our criminal government control your minds finances etc. you better read this. richandfamous MadMoneyOnCNBC jimcramer Lmafo Charts suggest hunh? How them charts been workin out over the last 2 years? Inflation is through the freagin roof and the stock market is in the gutter..
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategyStocks slumped on Wednesday after Target reported a sales decline. I Yeah and Cramer should try smokin weed instead of crack. Lol Propaganda. Heresy.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »